Aviva PLC Acquires 15,560 Shares of Quanta Services, Inc. (NYSE:PWR)

Aviva PLC boosted its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 21.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,736 shares of the construction company's stock after acquiring an additional 15,560 shares during the quarter. Aviva PLC owned 0.06% of Quanta Services worth $28,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Resona Asset Management Co. Ltd. purchased a new stake in Quanta Services in the fourth quarter valued at approximately $14,160,000. Smith Moore & CO. purchased a new position in Quanta Services in the fourth quarter worth $206,000. Prudential PLC increased its stake in Quanta Services by 20.2% in the fourth quarter. Prudential PLC now owns 4,966 shares of the construction company's stock valued at $1,570,000 after acquiring an additional 834 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Quanta Services by 805.2% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,050 shares of the construction company's stock worth $332,000 after purchasing an additional 934 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in shares of Quanta Services during the 4th quarter valued at about $2,541,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services Stock Up 0.6 %

PWR stock traded up $1.63 on Friday, reaching $264.33. 326,714 shares of the company traded hands, compared to its average volume of 1,693,860. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The firm has a fifty day simple moving average of $267.81 and a 200-day simple moving average of $302.72. The company has a market cap of $39.17 billion, a P/E ratio of 43.84, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04.

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Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.62 by $0.12. The company had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. Research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, April 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend is Thursday, April 3rd. Quanta Services's dividend payout ratio (DPR) is currently 6.63%.

Wall Street Analyst Weigh In

Several analysts have issued reports on PWR shares. Roth Mkm initiated coverage on Quanta Services in a research note on Friday, February 21st. They issued a "buy" rating and a $350.00 target price for the company. Daiwa America lowered shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th. BMO Capital Markets raised shares of Quanta Services from a "market perform" rating to an "outperform" rating and lowered their price target for the stock from $338.00 to $316.00 in a research note on Tuesday, February 25th. Roth Capital raised Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. Finally, Daiwa Capital Markets lowered Quanta Services from an "outperform" rating to a "neutral" rating in a research note on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $319.25.

Quanta Services Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.